Webuy Global Ltd

Earnings data Q2 2024

Webuy Global Ltd. engages in an e-commerce retailer with a focus on groceries and travel. Its social e-commerce community platform focuses on achieving a global reach and currently operates in Singapore and Indonesia. The company was founded by Bin Xue and Ting Ting Tan in August 2019 and is headquartered in Singapore.

Singapore, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce retailer, today provided a business update and announced its interim financial results for the six months ended June 30, 2024.

Webuy Global Reports Record Revenue and 253% Increase in Gross Profit for the First Half of 2024

Singapore, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce retailer, today announced it generated a record $2.9 million in sales over three days at this year's NATAS Fair 2024, driven by its "Travel with Webuy" tour packages.

Webuy Achieves Record $2.9 Million in Sales within Just Three Days at NATAS Fair 2024

Singapore, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce retailer, today announced it has entered into a definitive agreement for senior convertible debt (“Convertible Security”) with an initial principal amount of $2 million, and up to an additional $4 million with an accredited institutional investor (the “Investor”) upon mutual agreement.

Webuy Secures $2 Million Debt Financing Convertible at a Premium to the Current Market Price; Potential to Receive an Additional $4.0 Million Upon Mutual Agreement of the Parties

Singapore, July 26, 2024 (GLOBE NEWSWIRE) --  Webuy Global Ltd. (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce retailer, today announced that, following the receipt of a written notice from the Listing Qualifications Department of the Nasdaq Stock Market, LLC (“Nasdaq”) on January 26, 2024 regarding the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”) for continued listing on the Nasdaq Capital Market, it received written notification from Nasdaq, providing an additional 180 calendar days, or until January 21, 2025, to regain compliance with the minimum bid price of U.S. $1.00, as required by Nasdaq Listing Rule.

Webuy Receives Extension to Regain Compliance with Nasdaq's Minimum Bid Requirements

Designed to celebrate the rich and diverse culture of Singapore Reports successful launch with plans to rapidly expand Company's own branded products within the multi-billion-dollar global gift market Singapore, June 26, 2024 (GLOBE NEWSWIRE) --  Webuy Global Ltd. (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce retailer, today announced the launch of its Sing Select gift series, a new line of high-quality, thoughtfully curated gift sets designed to celebrate the rich and diverse culture of Singapore.

Webuy Announces the Launch of its Sing Select Gift Series—a New Line of Premium Gift Sets

Singapore, May 28, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (NASDAQ: WBUY) ("Webuy" or the "Company"), a Southeast Asian community e-commerce retailer, today announced its strategic expansion into an insurance referral program to deliver insurance solutions to markets across Asia.

Webuy Announces Strategic Expansion into Insurance Referral Program

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Singapore, May 15, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (NASDAQ: WBUY) ("Webuy" or the "Company"), a Southeast Asian community e-commerce retailer, today announced the launch of its travel business in Indonesia, as it expands its presence in the growing Southeast Asian tourism market.

Webuy Launches Travel Business in Indonesia

Webuy invites individual and institutional investors, as well as advisors and analysts, to attend its real-time, interactive presentation at the Emerging Growth Conference. Webuy invites individual and institutional investors, as well as advisors and analysts, to attend its real-time, interactive presentation at the Emerging Growth Conference.

Webuy to Present at the Emerging Growth Conference on May 9, 2024

Singapore, May 02, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (NASDAQ: WBUY) ("Webuy" or the "Company"), a Southeast Asian community e-commerce retailer, today announced that Zacks Small-Cap Research ("Zacks") has initiated equity research coverage on the Company. The full equity research report is available on the Zacks website here .

Zacks Small-Cap Research Initiates Coverage on Webuy

Singapore, May 01, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (NASDAQ: WBUY) ("Webuy" or the "Company"), a Southeast Asian community e-commerce retailer, today announced the pricing of its self-underwritten offering of up to 10,000,000 of its Class A Ordinary shares, which are being offered by the Company directly to select investors at $0.29 per share.

Webuy Announces Pricing of up to 10,000,000 of its Class A Ordinary Shares

Singapore, April 25, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (NASDAQ: WBUY) ("Webuy" or the "Company"), a Southeast Asian community e-commerce retailer, will attend and present at the EF Hutton Annual Global Conference in New York on May 15, 2024.

Webuy to Present at the Upcoming EF Hutton Annual Global Investor Conference on May 15, 2024, in New York City

Singapore, April 19, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (NASDAQ: WBUY) ("Webuy" or the "Company"), a Southeast Asian community e-commerce retailer, today announces that on April 15, 2024, the Company filed its 2023 annual report (20-F) with the SEC. Notable recent events include the Company's launch of a travel business line in Indonesia and expansion into an insurance referral program. Key highlights of the Company's 2023 financial achievements follow:

Webuy Announces Filing of 2023 Annual Report with the SEC, Launches Travel Business in Indonesia, and Expands into Insurance Referral Program

Singapore, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (“Webuy” or the “Company”), an emerging community e-commerce retailer with a focus on grocery and travel in Southeast Asia, today announced that on January 26, 2024, it received written notification from the Nasdaq Listing Qualifications (“Nasdaq”) for failing to maintain a minimum bid price of U.S.$1.00 per share for the last 30 consecutive business days, as required by Nasdaq Listing Rule 5550(a)(2) – bid price (the “Minimum Bid Price Rule”).

Webuy Receives Nasdaq Notification Regarding Minimum Bid Requirements

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Webuy to offer Ohmyhome's property listing, renovation and other services through its community e-commerce platform and Group Leaders Ohmyhome to offer Webuy's grocery, travel and other services through its expansive network of homeowners Singapore, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY, “Webuy”), an emerging community e-commerce retailer with a focus on grocery and travel in Southeast Asia, and Ohmyhome Ltd.

Webuy and Ohmyhome Announce Strategic Collaboration to Cross-Sell Products and Services Across Singapore

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Achieves over 1000% increase in travel services and more than 200% increase in sales of groceries in Indonesia Completes recent IPO for gross proceeds of $15.2 million, expected to fund accelerated growth across Southeast Asia Singapore, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Webuy Global Ltd (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce retailer, today provided a business update and announced interim financial results for the six months ended June 30, 2023 ("1H 2023"). Vincent Xue Bin, Chief Executive Officer and Co-Founder of Webuy Global stated, “I am pleased to report we achieved a.

Webuy Global Limited Reports 62% Increase in Revenue to $24.4 Million for the First Half of 2023

Strategic acquisition intended to expand the company's foothold in Indonesia and SE Asia TSU generated sales of approximately $15 million in 2022 with track record of profitability Singapore , Dec. 06, 2023 (GLOBE NEWSWIRE) -- Webuy Global Ltd (Nasdaq: WBUY) (“Webuy” or the “Company”), an emerging community e-commerce retailer with a focus on grocery and travel in Southeast Asia, today announced it has entered into a non-binding Memorandum of Understanding (“MOU”) to acquire controlling interest in PT. Tiga Sakti Utama (“TSU”), a leading importer and wholesaler of fruits in Surabaya, Indonesia.

Webuy Global Announces MOU to Acquire PT. Tiga Sakti Utama (TSU), a Leading Indonesian Fruit Importer and Wholesaler in Surabaya, Indonesia

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Singapore, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Webuy Global Ltd (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce retailer, today announced that it has closed its initial public offering of 3,800,000 ordinary shares at a public offering price of $4.00 per share, for aggregate gross proceeds of approximately $15.2 million, prior to deducting underwriting discounts and other offering expenses.

Webuy Global Limited Announces Closing of $15.2 Million Initial Public Offering

Webuy Global (NASDAQ: WBUY ) stock is falling on Friday following the e-commerce company's initial public offering (IPO) yesterday. Shares of WBUY stock initially jumped 33.5% during its first day of trading.

Why is Webuy Global (WBUY) Stock Down 29% Today?

Singapore, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Webuy Global Ltd (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce retailer, today announced the pricing of its initial public offering of 3,800,000 ordinary shares at a public offering price of $4.00 per share for aggregate gross proceeds of approximately $15.2 million, prior to deducting underwriting discounts and offering expenses.

Webuy Global Limited Announces Pricing of $15.2 Million Initial Public Offering

WeBuy is going public, offering 3.5 million ADS shares at an indicated price range of $4.00-4.50 to raise up to $17.1 million. The company's rapid revenue growth may not be sustainable due to the one-off effect of lockdowns and social distancing regulations during the pandemic. WeBuy faces mounting risks in execution, including competition from larger competitors in the social commerce market in Southeast Asia.

News for Webuy Global Ltd Stock (WBUY)